Japanese yen to usd

Hanoi (VNA) – Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them. The meeting, gathering finance ministers and central bank governors, took place on the sidelines of the annual Asian Development Bank (ADB) meetings in the Fijian resort of Nadi. This event also looked into ways to address negative fallout on the economies from the trade tension between the US and China. The countries are now planning to add the Japanese yen and Chinese yuan to the 240 billion-USD safety net in a bid to reduce the overreliance on the US dollar. They also considered strengthening their policy coordination with the International Monetary Fund in response to crisis situations, according to Kyodo News. To prevent a repeat of the 1997 Asian currency crisis, the countries in 2000 launched the … [Read more...] about ASEAN+3 discuss cooperation in response to financial crises

Deputy Prime Minister Vuong Dinh Hue at the event (Source: VNA) Nghe An (VNA) – Deputy Prime Minister Vuong Dinh Hue has affirmed that the Vietnamese government and north central localities are ready to offer all possible support to Japanese partners to expand their business operations there. He made the statement at the conference “Meeting Japan - North Central Region” co-hosted by the Vietnamese Foreign Ministry and the Japanese Embassy in Vietnam in the central province of Nghe An on April 25. The event brought together Japanese Ambassador to Vietnam Kunio Umeda, over 150 delegates from Japanese organisations, localities and 50 enterprises; leaders of six north central provinces from Thanh Hoa to Thua Thien-Hue, Yen Bai province, and those from ministries and agencies. Sandwiched between the northern and central key economic zones, the north central region is home to three airports, nine seaports, diverse forest resources, a marine-based economy and … [Read more...] about Deputy PM commits all possible support to Japanese firms

Vietnam Airlines will sell duty-free goods again on its flights beginning this June in co-operation with well-known provider of luxury brands, King Power. Vietnam Airlines will sell duty-free goods again on its flights beginning this June Deputy director of Vietnam Airlines, Le Hong Ha told Dtinews that duty-free goods will be offered again on their international flights which have flight times of three hours or more. "At present, about 30 flight routes have this service including those connecting Vietnam and South Korea, Japan, China, France and Russia," Ha said. The official added that duty-free goods on Vietnam Airlines flights are always provided by large and prestigious suppliers. "We used to co-operate with the Imex Pan Pacific-IPP Group to have our goods sources," Ha said. "This time we will work with another large provider, King Power. According to the Vietnam Airlines' representative, customers can pay using Vietnamese Dong, Japanese Yen, Euro, US Dollar, … [Read more...] about Vietnam Airlines to reopen duty-free services

Illustrative image (Source: VNA) HCM City (VNA) – The price of material shrimps is forecast to recover in August and September after suffering drops over the past months, especially in the second quarter of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The VASEP explained that shrimp crops in major suppliers like India, Bangladesh and Thailand have finished, causing a decline in supply sources, while many Vietnamese firms have received big orders for year-end events. Experts advised that farmers should not hastily sell their immature shrimps, but grow big shrimps for better profit as the shrimp price. At the same time, shrimp growers should use new technology, while focusing on fostering cooperation towards value chains to improve product quality and reduce costs. Meanwhile, businesses should concentrate on developing products with higher added value and higher quality to penetrate high-end markets. Vietnam’s shrimp exports … [Read more...] about Shrimp prices expected to recover in Q3

Signing ceremony of the CPTPP in Chile in March.(Photo: VNA) Tokyo (VNA) – Japan fulfilled domestic procedures on July 6 for the ratification of the Comprehensive and Progressive Agreement for Transpacific (CPTPP), becoming the second member to do so after Mexico. The completion means four more countries need to finish their domestic processes for the pact to take effect. Japan’s economy will likely get an 8 trillion yen (72.28 billion USD) boost from the deal even when agricultural and sea products may experience a loss of up to 150 billion yen (1.3 billion USD), the government estimated. The Diet has enacted legislation to provide support for Japanese livestock farmers exposed to foreign competition while extending intellectual property rights in line with the deal’s regulation. Japanese Prime Minister Shinzo Abe will sign a free trade agreement with the European Union next week, showing Tokyo’s determination to promote free trade. The original … [Read more...] about Japan completes domestic procedures to ratify CPTPP